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Nageswaran, who took cost as CEA on January 28, 2022, has performed a key position in shaping financial coverage.
His extension comes weeks after the Financial Survey 2024-25 projected GDP progress of 6.3%-6.8% for the following monetary yr, because the financial system exhibits indicators of moderation.
The federal government’s advance estimates peg GDP progress at 6.4% for the present monetary yr.
A tutorial and former government with Credit score Suisse and Julius Baer, Nageswaran succeeded Okay V Subramanian as CEA. He has additionally served as a component-time member of the Financial Advisory Council to the Prime Minister from 2019 to 2021 and held educational positions at establishments in India and Singapore.
Nageswaran holds an MBA from IIM Ahmedabad and a PhD in Finance from the College of Massachusetts.
-With PTI inputs
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